GM Says Delphi Deal Feasible Soon

cnbc.com

Friday, 15 Dec 2006 | 7:33 AM ETCNBC.com

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General Motors Chief Financial Officer Fritz Henderson said it would be "feasible" to agree to agree to a deal with auto-parts company Delphi over union worker pensions and benefits in the first quarter of next year, The Wall Street Journal reported.

But such a timeline "would be tight," Henderson said, according to the Journal.

GM is trying work out how much it will pay to cover pensions and benefits for Delphi workers who also worked at GM. Delphi, now bankrupt, is GM's former parts unit.

"I think we have made progress, but it didn't happen this year," Henderson said in an interview, according to the Journal. Henderson said the differences in the talks "have narrowed" but added that a number of hurdles remain.